GBP/USD may rise 20 - 35 pips

Pivot

1.2705

Our preference

Long positions above 1.2705 with targets at 1.2755 & 1.2770 in extension.

Alternative scenario

Below 1.2705 look for further downside with 1.2675 & 1.2660 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.2785

1.2770

1.2755

1.2735 Last

1.2705

1.2675

1.2660

Number of asterisks represents the strength of support and resistance levels.